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作者：Knott, AM
作者单位：University of Pennsylvania
摘要：This study develops a dual-routines view of the dynamic value of hierarchy, and tests it against the implicit null hypothesis that hierarchy merely provides static advantages over markets. The view holds that hierarchical managers perform two roles that create value for firms in perpetuity-an administrative role of enforcing operational routine, and an entrepreneurial role of executing a metaroutine that continually revises operational routine to keep pace with changes in the environment. The ...
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作者：Azoulay, P; Shane, S
作者单位：Massachusetts Institute of Technology (MIT); University System of Maryland; University of Maryland College Park
摘要：Although economic theory has emphasized that moral hazard and hold-up problems influence the design of contracts, very little is known about the process by which explicit contracts are established and the effect of contractual arrangements on firm performance. This paper attempts to demonstrate that firms are selected for survival on the basis of contracting efficiency. Based on a statistical analysis of 170 new franchise contracts and interviews with the founders of 16 of these new franchise ...
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作者：Hendricks, KB; Singhal, VR
作者单位：Western University (University of Western Ontario); University Western Ontario Hospital; University System of Georgia; Georgia Institute of Technology
摘要：This paper documents the long-run stock price performance of firms with effective Total Quality Management (TQM) programs. The winning of quality awards is used as a proxy for effective TQM implementation. We compare stock price performance of award winners against various matched control groups for a five-year implementation period and a five-year postimplementation period. During the implementation period there is no difference in the stock price performance, but during the postimplementatio...
